Western Australia Moves to Stockpile Diesel Amid Mounting Supply Fears
Australia is facing a historic energy crisis, with much of its Gulf-sourced energy facing not one but two blockades. But at least some parts of the country are doing something about it, even if it is too little, too late. Western Australia will establish its own strategic reserves of diesel fuel to ease “acute shortages,” the state’s government said. As Bloomberg reports, the government signed a deal with Cambridge Gulf to buy and store 4 million liters of diesel, which is expected to arrive in the coming weeks, according…